Ferrellgas names CFO

Cole

Overland Park, Kansas-based Ferrellgas Partners hired Michael Cole as CFO.

Cole brings more than 35 years of experience in financial and energy-related fields. He was previously the senior vice president, CFO and treasurer of NV Energy Inc., a Berkshire Hathaway Energy-owned utility in Las Vegas.

“I’m looking forward to this new step in my career. I see a clear path for this company, and I’m proud to be a part of this team,” Cole says.

Cole has worked for utilities and financial institutions in several states, including Illinois, Maine, New York, Missouri, North Carolina and Nevada. He has extensive experience in executive and financial leadership, management, corporate finance, valuation and risk management.

Cole’s creative strategies and finance optimization methods will help Ferrellgas achieve its long-term goals, according to the company.

“Mike’s unique skillset is an asset to Ferrellgas and its mission of growing our business and Fueling Life Simply for our customers,” says Jim Ferrell, CEO of Ferrellgas.

Ferrellgas and its subsidiaries serve propane customers in all 50 states and Puerto Rico. It is the nation’s second-largest propane retailer, according to LP Gas’ 2023 Top Propane Retailers ranking for highest gallon sales.

The nearly 4,500 employees indirectly own 1.1 million common units of the partnership through an employee stock ownership plan. Last summer, Ferrellgas rejoined the National Propane Gas Association after about five years away.